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Lack of accurate data poses challenges for cash forecasting

In Finland, the percentage of cash in circulation has both increased by 450% and declined by 70% since 2002, depending on which indicator is used by the central bank to measure demand.

Speaking at the Future of Cash conference in Athens today (February 20), the Bank of Finland’s Jussi Kangas explained the difficulties eurozone countries face when attempting to measure demand for cash.

Prior to 2002, the Bank of Finland monitored cash usage by analysing the volume of cash in circulation. “This